continue....
Entry 2 — Conservative Short (Preferred) 🎯
This is my personal preferred entry — higher probability
EntryRetest of $0.097 — $0.107 bearish OBStop Loss$0.115TP1$0.088 🎯TP2$0.070 🎯TP3$0.050 🎯RR1:3 to 1:5
Logic: Let price pump into bearish OB → smart money sells there → you follow smart money → perfect short entry from premium zone
Logic: Let price pump into bearish OB → smart money sells there → you follow smart money → perfect short entry from premium zone
📌 This Setup Is INVALID If —
❌ Price closes 4H candle above $0.115
❌ Volume spikes massively on green candle
❌ 4H CHoCH confirmed to upside
❌ BTC dumps hard pulling entire market down
If any of these happen — close the trade immediately. No ego. 🙏
✅ Confirmation Checklist Before Shorting
□ Price reaches $0.097 — $0.107 zone
□ 15m bearish engulfing candle forms
□ Volume drops on the push up
□ 1H shows rejection wick at OB
□ 15m CHoCH to downside confirms → THEN enter short 🔴
💰 Risk Management — Non Negotiable
Risk only 1-2% of your account per trade
Take 50% profit at TP1
Move SL to breakeven after TP1
Let remaining 50% run to TP2 and TP3
Low leverage = longer survival in crypto
📊 Key Levels Summary
$0.115 ← 🚨 Short invalidation
$0.107 ← 🔴 Bearish OB top
$0.097 ← 🔴 Short entry zone (preferred)
$0.093 ← 👁️ Current price
──────────────────────────
$0.088 ← 🎯 TP1 / Key support
$0.075 ← 🎯 TP2
$0.055 ← 🎯 TP3
$0.028 ← 🔥 Origin of pump
💬 My Final Words
CHIP had its glory days already.
The 5x is done. The party is over.
Smart money is quietly exiting while retail is still dreaming of new ATH.
Don't be the exit liquidity. Be the one who profits from it. 😎
Patient traders make money.
Emotional traders make others money.
This is my highest conviction short setup on CHIP right now. 🎯
⚠️ Disclaimer: This is my personal technical analysis and NOT financial advice.